U.S. stocks are continuing their pullback this afternoon, as General Electric (GE) continues its disastrous decline. Among the stocks making big movesare restaurant chain Buffalo Wild Wings (NASDAQ:BWLD), entertainment streaming service Roku Inc (NASDAQ:ROKU), and technology infrastructure concern Switch Inc (NYSE:SWCH). Here's a quick look at what's moving shares of BWLD, ROKU, and SWCH.
Buffalo Wild Wings stock is trading near the top of Nasdaq, after reports surfaced of a takeover bid from RoarkCapital Group worth $2.3 billion, or more than $150 per share. The stock was up 23% at $144.50, at last check, with today's gap putting BWLD on track to close above its 200-day moving average for the first time since late May. Fifteen of the 21 analysts following BWLD stock carry tepid "hold" ratings, but in light of the M&A buzz, Wedbush lifted its price target to $130 from $115.
Shares of ROKU touched a record high of $48.80 earlier today, as traders continued to applauda new partnership with Philips. While the stock has more than doubled in the past week -- triggered by a stellar freshman earnings report -- ROKU was last seen trading down 7.9% at $39.34.
Quite a few short sellers are likely kicking rocks this week. Short interest accounts for more than 30% of the stock's total available float, or about 4.8 million ROKU shares.
Switch stock is among the worst NYSE losers, after the firm reported poorly received third-quarter earnings. Unlike ROKU, Switch's first quarterly report sent the shares down 5% to $19.11, at last check, and to an intraday low of $18.16 -- just pennies away from its early November record low.
Analysts are split on SWCH, with four carrying "strong buy" ratings, and four sporting tepid "hold" recommendations. The shares have been relatively humdrum since going public early October, and have ended just two sessions north of $20 -- but have yet to breach their $17 initial public offering (IPO) price.